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Agents, buyer’s financing denied? Here’s what to do.

Real Trends

If your sellers have a backup offer, evaluate all the facts before you switch to accepting that deal. If there is no backup offer, request a 2-week extension so you have time to resolve the issues. Ratio issues What does this even mean? Typically, the total debt-to-income ratio should be 36% or less.

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Can You Put an Offer on a House That’s Contingent?

RIS Media

Something can come up (such as an unanswered financial obligation or a significant purchase before the closing that changes the debt-to-income ratio) and put a home back. . If you put an offer on a property marked contingent, you could be the next buyer should the current contract fall through. Low appraisal. It depends.